1,574 Shares in Waste Management, Inc. $WM Acquired by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON ASSET MANAGEMENT UK Plc has acquired 1,574 shares of Waste Management, Inc. ($WM) valued at approximately $360,000.
• Institutional investors hold 80.40% of Waste Management's stock, indicating strong institutional interest in the company.
• Waste Management reported a 19.0% year-over-year increase in quarterly revenue and a net profit margin of 11.36% in its latest earnings announcement.

AEGON ASSET MANAGEMENT UK Plc purchased a new position in Waste Management, Inc. (NYSE:WM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,574 shares of the business services provider's stock, valued at approximately $360,000.

A number of other hedge funds also recently modified their holdings of the stock. Ameriprise Financial Inc. raised its holdings in shares of Waste Management by 30.4% in the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider's stock worth $1,233,240,000 after purchasing an additional 1,239,996 shares during the period. Northern Trust Corp raised its holdings in shares of Waste Management by 1.8% in the 1st quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider's stock worth $941,709,000 after purchasing an additional 70,907 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Waste Management by 26.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider's stock worth $774,000,000 after purchasing an additional 709,557 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Waste Management by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider's stock worth $570,108,000 after purchasing an additional 36,836 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Waste Management by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider's stock worth $505,137,000 after purchasing an additional 29,715 shares during the period. Institutional investors own 80.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WM shares. Barclays lowered their target price on shares of Waste Management from $272.00 to $271.00 and set an "overweight" rating on the stock in a report on Thursday, October 9th. UBS Group boosted their target price on shares of Waste Management from $260.00 to $265.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. BMO Capital Markets boosted their target price on shares of Waste Management from $245.00 to $248.00 and gave the company a "market perform" rating in a report on Wednesday, July 30th. William Blair reissued an "outperform" rating on shares of Waste Management in a report on Tuesday, July 29th. Finally, Oppenheimer lowered their target price on shares of Waste Management from $265.00 to $262.00 and set an "outperform" rating on the stock in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Waste Management currently has an average rating of "Moderate Buy" and an average target price of $254.32.

Waste Management Trading Down 2.0%

Waste Management stock opened at $213.79 on Thursday. Waste Management, Inc. has a fifty-two week low of $199.69 and a fifty-two week high of $242.58. The firm's fifty day moving average price is $222.19 and its 200-day moving average price is $227.72. The stock has a market cap of $86.12 billion, a P/E ratio of 31.72, a PEG ratio of 2.68 and a beta of 0.64. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86.

Waste Management (NYSE:WM - Get Free Report) last announced its earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The firm's quarterly revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $0.825 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management's payout ratio is 48.96%.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.

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